Dynamics Blogger

Out at DynamicsBlogger , I have posted my recent experience with calculating payroll without FICA Medicare and Social Security Tax withholding for non US Payroll requirement. Please visit the link below for the article Calculate Payroll without FICA Medicare and Social Security Taxes

Round 2 Payroll Update is now available for download on Customer source The much awaited US Payroll Round 2 Tax update for Dynamics GP 10 has been released this morning. The release has been updated on Customer source and Partner source. Round 3 which includes update for Illinois, Maine and Maryland is yet to be released though. Round 2 Tax update includes changes to the employer portion bringing it back to 6.2% contribution for FICA/Social security withholding. To download Round 2 update, Follow the link below Round 2 US Payroll Tax Update for Microsoft Dynamics GP 10.0

  Support for Dynamics GP 9.0 ended yesterday, i.e., 11-January-2011. The support Lifecycle for Dynamics GP 9.0 can be found here . In order to avail support from Microsoft, It is required to upgrade to Dynamics GP 10.0 or higher. Mainstream support for Dynamics GP 10.0 ends on 09-October-2012. Important Note on Payroll Round 2 Update for Dynamics GP 9. Though support for Dynamics GP 9.0 ends on 11-Jan-2011, Microsoft will release the Round 2 Tax update for Dynamics GP 9.0 also as was unofficially told in Microsoft Dynamics Partner Forum discussion thread. The discussion can be found here . The word is also that Microsoft will provide Dynamics GP 9.0 support for the installation of this patch file alone. It applies the same for SBF 9.0. Disclaimer: Please note that the above is provided for informative purposes. Please contact Microsoft support Team or your authorized Microsoft Partner for any queries.

Considering the Payroll hot topic, I’ve created the post with a consolidated list of threads being posted on Dynamics community forums whichever I’m finding them helpful. I’d update this post with any other threads that I find in due course of time. If you have any other information to be updated on this post, Please post in the comments section so that I can update the same over here. GP 10.0 Year End update and Security Issues – This post talks about the security settings that are changed after applying the year-end update. After 2010 Year End Update applied - This post talks about the reporting issues in Accounts Payable. Tax Updates GP 10 - This post seeks clarification about which payroll update to be applied. Monthly and Quarterly SUTA/FUTA Liability - This post seeks help in troubleshooting an issue where FUTA/SUTA liability was wrongly processed for Oct-Dec 2010 instead of calculating it for Dec 2010. Credit Card numbers hidden in MS Dynamics GP 10 after SP5 update...

While going through discussion points in Dynamics GP forums, I observed the queries on Payroll (US) 2011 Tax table update is on a rising trend. Most clients have updated their tax tables to 2011 tables before closing out the year 2010. Adding to this, the new tables included FICA update which calculates Employee FICA SS @ 4.2%, the new rate instead of 6.2%. Since Dynamics GP calculation is based on one rate, both employer and employee rate is set @ 4.2% while it should be 6.2% for employers contribution. The workaround was to pass a GL adjustment for the remaining employer’s contribution. However, A Round 2 Tax update is planned to be release d by January 24th which is supposed to take care of this issue. It seems some clients have updated with 2011 tax tables before closing 2010 year-end. This might give errors on W-2 validation report. The fix to this issue as suggested by others is to download and install Round 7 tax update for 2010 and to re-install 2011 update once the 2010 is ...